Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Based on the following table, please calculate the occupancy index for the subject hotel. Hotel A Hotel B Hotel C Hotel D Hotel E Subject
Based on the following table, please calculate the occupancy index for the subject hotel.
Hotel A | Hotel B | Hotel C | Hotel D | Hotel E | Subject Hotel | |
Rooms available | 400 | 300 | 500 | 450 | 350 | 580 |
Rooms sold | 310 | 210 | 315 | 325 | 300 | 460 |
Room revenue | $27,900 | $19,950 | $35,595 | $40,300 | $29,400 | $50,140 |
a.106.57
b. 104.81
c.108.64
d. 113.87
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started